KUALA LUMPUR: Berjaya Food Bhd (BFood) has proposed to undertake a bonus issue of 1.55 billion bonus shares on the basis of four bonus shares for every existing share held.
In a filing with Bursa Malaysia, BFood said the proposed bonus issue serves to increase the number of BFood shares held by the entitled shareholders while maintaining their percentage of equity interest in the company.
BFood said the exercise could potentially enhance the marketability of its shares on the Main Market of Bursa Securities, thereby providing the opportunity for greater participation from existing shareholders of the company and new investors.
As at June 9, the issued share capital of the company is RM257.92mil comprising 389.52 million BFood shares (including 28.96 million BFood shares held as treasury shares.
Pursuant to Section 127(11) of the Companies Act, 2016, the treasury shares will be entitled to the bonus shares and such bonus shares will be treated as treasury shares upon allotment and issuance.
“The proposed bonus Issue will not be implemented in stages over a period of time. The entitlement date will be determined and announced at a later date after all relevant approvals for the proposed bonus Issue have been obtained.
“The proposed bonus issue will result in an adjustment to the market price of BFood shares but will not have any impact on the aggregate market value of BFood shares held by the entitled shareholders,” BFood said, adding that the proposed bonus issue is expected to be completed in the third quarter of 2022.
转载说明:本文转载自Sunbet。 环球UG声明:该文看法仅代表作者自己，与本平台无关。转载请注明：手机新2管理端（www.hg108.vip）_Berjaya Food proposes 4-for-1 bonus issue for shareholders